Abstract

THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS (NFIB) AWARD FOR THE BEST PAPER ON A GENERAL TOPIC OF ENTREPRENEURSHIP

Entrepreneurs comprise the majority of the world’s richest people. Their venture exits, or harvests, often represent the events through which they accrue this wealth, potentially exacerbating inequality. However, entrepreneurs make critical decisions following harvests that can alleviate inequality. Through content analysis of The Giving Pledge letters and interviews with entrepreneurs, we explore how and why entrepreneurs elect to redistribute resources following harvests. We identify four mechanisms—intrinsic motivation, identification, personal power, and stewardship norms—that guide entrepreneurs to redistribute their resources and act as stewards of others. In doing so, we extend stewardship theory and further highlight how entrepreneurship can reduce inequality.

Share

COinS